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Wednesday 12 August 2026 10:46:07 GMT
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Former CFTC Chairman Chris Giancarlo says he isn’t disappointed that Congress failed to pass the CLARITY Act. His argument? The SEC and CFTC shouldn’t necessarily wait for Congress to build the entire framework from scratch. Instead, he believes the agencies can step forward, work together, and establish rules for digital assets — much like regulators helped clear the way for the internet decades ago. Giancarlo points to the Telecommunications Act of 1996 as an example of Congress creating room for innovation rather than trying to dictate every technological standard. And his bigger comparison is even more interesting: He calls blockchain the “Internet of Value.” The question now is how regulators define the boundaries between the SEC and CFTC, how different digital assets should be treated, and whether assets like Bitcoin should have a fundamentally different regulatory classification from other tokens. After years of uncertainty, the regulatory framework surrounding digital assets is becoming one of the biggest stories in Washington. 🎥 Full clip — Chris Giancarlo, former CFTC Chairman. What do you think the SEC and CFTC should be responsible for? #Crypto #Bitcoin #XRP #Blockchain #DigitalAssets
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